Please create a balance sheet and income statement in an excel sheet from the following information: As of December 31, 2019, Armani Company's financial records show the following items and amounts     Cash  $       10,000 Acount receivable  $         9,000 Supplies  $         6,000 Equipment  $         5,000 Account payable  $       11,000 A.Armani, Capital, Dec 31, 2018  $       16,000 A.Armani, Capital, Dec 31, 2019  $       19,000 A.Armani, Withdrawals  $       13,000 Consulting revenue  $       33,000 Rental revenue  $       22,000 Salaries Expense  $       20,000 Rent Expense  $       12,000 Selling and administrative expenses  $         8,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please create a balance sheet and income statement in an excel sheet from the following information:

As of December 31, 2019, Armani Company's financial records show the following items and amounts
   
Cash  $       10,000
Acount receivable  $         9,000
Supplies  $         6,000
Equipment  $         5,000
Account payable  $       11,000
A.Armani, Capital, Dec 31, 2018  $       16,000
A.Armani, Capital, Dec 31, 2019  $       19,000
A.Armani, Withdrawals  $       13,000
Consulting revenue  $       33,000
Rental revenue  $       22,000
Salaries Expense  $       20,000
Rent Expense  $       12,000
Selling and administrative expenses  $         8,000
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